NAVY LEAGUE OF THE US SAN DIEGO CO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

SHELDON MARGOLIS

Phone

6192300301

Tax Period

2025-01-01 to 2025-12-31

NAVY LEAGUE OF THE US SAN DIEGO COUNCIL, founded in 1982, is a small nonprofit in the Public & Societal Benefit sector that reported $165K in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $290K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO INFORM THE PEOPLE AND GOVERNMENT THAT THE USA'S NATIONAL DEFENSE DEPENDS ON STRONG SEA SERVICES AND TO PROVIDE SUPPORT TO MEMBERS OF AMERICA'S SEA SERVICES.

Program Service Accomplishments

Program 1

Expenses: $238,118 Revenue: $65,000

SCHOLARSHIP PROGRAMS: THE SAN DIEGO COUNCIL ADMINISTERS THE ALEXANDER KREIGLOWA NAVY AND MARINE CORPS DEPENDENTS EDUCATION FOUNDATION. THESE SCHOLARSHIP FUNDS COME FROM A CHARITABLE DONATION OF...

SCHOLARSHIP PROGRAMS: THE SAN DIEGO COUNCIL ADMINISTERS THE ALEXANDER KREIGLOWA NAVY AND MARINE CORPS DEPENDENTS EDUCATION FOUNDATION. THESE SCHOLARSHIP FUNDS COME FROM A CHARITABLE DONATION OF PROPERTY FROM CHIEF ALEXANDER KREIGLOWA, USN (RET). HIS GIFT HELPED TO ESTABLISH AN ENDOWMENT THAT WILL HELP STUDENTS FOR MANY YEARS TO COME. DURING 2025, $138,216 IN SCHOLARSHIPS TO 13 STUDENTS WERE AWARDED BASED UPON EVALUATION OF APPLICATIONS SUBMITTED AND EVIDENCE OF ACCEPTANCE BY AN ACCREDITED 4-YEAR COLLEGE OR UNIVERSITY IN THE UNITED STATES.

Program 2

Expenses: $33,210 Revenue: $1,600

RECOGNITION: PROVIDED SUPPORT AND RECOGNITION FOR THE ARMED SERVICES IN OUR COMMUNITY AS FOLLOWS:BY HOSTING BREAKFASTS THAT HONOR ACTIVE PERSONNEL, THE NAVY BIRTHDAY BALL, THE MARINE CORPS BIRTHDAY LUNCHEON AND MORE.BY COORDINATING EVENTS AT VARIOUS LOCAL BASES FOR REGOGNITION OF OUTSTANDING MARINES, SAILORS AND COASTGUARDSMEN OF THE QUARTER/YEAR.

Program 3

Expenses: $9,756 Revenue: $30,000

EDUCATION: MAINTAINED MEMBER OUTREACH AND EDUCATION ON THE NEED FOR THE SEA SERVICES. HOSTED MONTHLY MEETINGS FEATURING HIGH LEVEL SEA SERVICES LEADERS. PUBLISHED MONTHLY NEWSLETTERS AND MAINTAINED EDUCATIONAL WEBSITE.YOUTH SERVICE: PROVIDED GRANTS TO LOCAL SEA CADETS AND FOR NJROTC PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $169,575

Program Service Revenue $10,782

Investment Income $11,448

Other Revenue $-26,755

TOTAL REVENUE $165,050

Expense Breakdown

Grants Paid $138,216

Salaries & Benefits $76,759

Fundraising Expenses $0

Program Expenses $281,084

Other Expenses $74,576

TOTAL EXPENSES $289,551

Year-over-Year Comparison

	2025	2024	Change
Revenue	$165,050	$285,891	-0.4%
Expenses	$289,551	$313,657	-0.1%
Net Income	$-124,501	$-27,766	+3.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY SEEPERSAD	Director	0.00	Director	$0	$0	$0
CHARLES CLARK	Director	0.00	Director	$0	$0	$0
JEFF WYLIE	Director	0.00	Director	$0	$0	$0
BOB BERMAN	Director	5.00	Director	$0	$0	$0
SHANE STEINFELD	Director	5.00	Director	$0	$0	$0
DAVE GRUNDIES	Director	5.00	Director	$0	$0	$0
RICK MITROVICH	Director	5.00	Director	$0	$0	$0
MARTY MAGANA	Vice President	5.00	Director	$0	$0	$0
JAY RINDLER	Director	5.00	Director	$0	$0	$0
JASON SURYA	Director	5.00	Director	$0	$0	$0
CHELSEY GRAY	Director	5.00	Director	$0	$0	$0
NICK WALLACE	Secretary	5.00	Officer	$0	$0	$0
SHELDON MARGOLIS	CFO	15.00	Officer	$0	$0	$0
TRACY OWENS	President	10.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$165,050	$289,551	$333,439	$-124,501
2024	$285,891	$313,657	$468,369	$-27,766
2023	$207,665	$338,789	$484,967	$-131,124
2022	$472,987	$349,847	$635,713	$123,140
2021	$433,923	$219,795	$516,340	$214,128
2020	$143,491	$152,869	$301,140	$-9,378
2019	$206,774	$191,365	$309,055	$15,409
2018	$238,674	$391,002	$294,309	$-152,328

NAVY LEAGUE OF THE US SAN DIEGO COUNCIL